10.30. Information——
1) Market Trends:
BTC surges sharply approaching new highs, with $4 billion inflow into BTC spot ETF in the past two weeks.
U.S. stock index and gold both hit new highs. The market expects a 25 basis point rate cut in November. If Trump comes to power, subsequent rate cuts will be more aggressive.
2) Market Highlights:
1. Meme coins like Doge and Neiro are rising. Doge is currently the top trader for Trump on CEX, with Doge/BTC exchange rate breaking weekly resistance. Musk remains strategic; his previous Twitter acquisition wasn't for profit but to prepare for presidential campaigning by controlling public opinion.
2. The new public chain Sui is rising. Sui is still the best-performing new public chain apart from Sol, with a better chip structure.
3. On-chain meme coin Luce is surging. Luce is designated as the New Year's mascot by the Vatican Pope, just launched with a moonshot, and has been the largest on-chain trading volume meme coin for two consecutive days.
4. Modular Tia will unlock $1 billion tokens this week, which is 80% of the existing circulation.
